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stampneak
New Member

My husband and I own 50% each of an S corp. Are payroll taxes paid in the course of business for the year the same as the tax paid that is on our W-2s?

We have been paying taxes on the EFTPS system every 2 weeks, as well as the state tax on the state site.

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JulieR
Expert Alumni

My husband and I own 50% each of an S corp. Are payroll taxes paid in the course of business for the year the same as the tax paid that is on our W-2s?

Yes, if payroll tax payments are the only payments you are making through EFTPS and the state sites.  EFTPS also allows other payments such as federal estimated tax payments, etc. 

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1 Reply
JulieR
Expert Alumni

My husband and I own 50% each of an S corp. Are payroll taxes paid in the course of business for the year the same as the tax paid that is on our W-2s?

Yes, if payroll tax payments are the only payments you are making through EFTPS and the state sites.  EFTPS also allows other payments such as federal estimated tax payments, etc. 

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